JAKARTA – Jakarta Composite Index (JCI) edged down 0.03%, or 1.63 points, to 6,234.50 on Monday (3/8), after opening higher and reaching an intraday high of 6,273.33.

Total stock market turnover reached IDR 14.38 trillion, with 38.77 billion shares traded across 2.33 million transactions.

A total of 348 stocks declined, while 292 advanced and 150 were unchanged.

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Eight of the 11 sectoral indices closed in negative territory, led by technology, which fell 1.52%, and property, down 0.77%.

Analysts at Phintraco Sekuritas said the JCI's fluctuations at the start of the week were likely driven by profit-taking following the release of several key economic indicators, including Indonesia's return to expansion in manufacturing PMI, a narrower trade deficit and the latest inflation data.

"Technically, the Stochastic RSI has reversed around the pivot area, while the MACD histogram remains in positive territory," Phintraco analysts said, adding that the potential for a rebound remains intact.

Across emerging Asia-Pacific markets, equity performance was mixed. The Philippines' PCOMP led regional gains, rising 1.58%, followed by India's NIFTY, up 0.84%. Meanwhile, South Korea's KOSPI slumped 5.12%, while Thailand's SET index fell 0.33%.

Regional currencies generally strengthened against the US dollar as the US Dollar Index (DXY) slipped 0.08%.

The South Korean won led the gains, appreciating 0.60% against the dollar, followed by the Philippine peso at 0.54% and the Thai baht at 0.09%. The rupiah also strengthened 0.14% against the US dollar to IDR 17,998 per USD. (KR/ZH)

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